Allianz Asset Management GmbH Has $75.05 Million Position in American Water Works Company, Inc. $AWK

Key Points

• Allianz Asset Management GmbH reduced its position in American Water Works by 19.5% during Q2, now holding approximately $75 million worth of shares after selling 130,903 shares.
• American Water Works reported an EPS of $1.48 for the last quarter, missing estimates, but showed an 11.1% revenue increase year-over-year with a total revenue of $1.28 billion.
• The company announced a quarterly dividend of $0.8275, representing an annualized yield of 2.3% with a payout ratio of 59.64%.

Allianz Asset Management GmbH reduced its position in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) by 19.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 539,496 shares of the utilities provider's stock after selling 130,903 shares during the period. Allianz Asset Management GmbH owned about 0.28% of American Water Works worth $75,049,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Oliver Lagore Vanvalin Investment Group bought a new stake in American Water Works during the second quarter worth about $28,000. WPG Advisers LLC bought a new stake in American Water Works during the first quarter worth about $29,000. Flaharty Asset Management LLC bought a new stake in American Water Works during the first quarter worth about $30,000. Cloud Capital Management LLC bought a new stake in American Water Works during the first quarter worth about $29,000. Finally, Concord Wealth Partners bought a new stake in American Water Works during the second quarter worth about $28,000. Institutional investors own 86.58% of the company's stock.

American Water Works Price Performance

American Water Works stock opened at $143.08 on Friday. American Water Works Company, Inc. has a 12 month low of $118.74 and a 12 month high of $155.50. The stock's 50 day moving average is $140.71 and its 200-day moving average is $142.08. The company has a current ratio of 0.35, a quick ratio of 0.32 and a debt-to-equity ratio of 1.15. The company has a market capitalization of $27.91 billion, a price-to-earnings ratio of 25.78, a PEG ratio of 3.42 and a beta of 0.70.

American Water Works (NYSE:AWK - Get Free Report) last posted its earnings results on Wednesday, July 30th. The utilities provider reported $1.48 EPS for the quarter, missing the consensus estimate of $1.53 by ($0.05). American Water Works had a net margin of 21.91% and a return on equity of 10.34%. The firm had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same period in the previous year, the company posted $1.42 EPS. American Water Works's revenue for the quarter was up 11.1% compared to the same quarter last year. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS. Equities research analysts expect that American Water Works Company, Inc. will post 5.71 EPS for the current year.

American Water Works Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Tuesday, August 12th were given a $0.8275 dividend. The ex-dividend date of this dividend was Tuesday, August 12th. This represents a $3.31 annualized dividend and a dividend yield of 2.3%. American Water Works's dividend payout ratio is presently 59.64%.

Analysts Set New Price Targets

Several analysts have issued reports on the company. UBS Group dropped their price objective on American Water Works from $156.00 to $151.00 and set a "neutral" rating on the stock in a research note on Tuesday, August 12th. Wells Fargo & Company dropped their price objective on American Water Works from $147.00 to $141.00 and set an "equal weight" rating on the stock in a research note on Friday, August 1st. Mizuho upped their price objective on American Water Works from $148.00 to $149.00 and gave the company a "neutral" rating in a research note on Friday, August 1st. Weiss Ratings restated a "hold (c+)" rating on shares of American Water Works in a research note on Wednesday, October 8th. Finally, Cowen assumed coverage on American Water Works in a research note on Wednesday. They issued a "hold" rating on the stock. One investment analyst has rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $145.00.

About American Water Works

American Water Works Company, Inc, through its subsidiaries, provides water and wastewater services in the United States. It offers water and wastewater services to approximately 1,700 communities in 14 states serving approximately 3.5 million active customers. The company serves residential customers; commercial customers, including food and beverage providers, commercial property developers and proprietors, and energy suppliers; fire service and private fire customers; industrial customers, such as large-scale manufacturers, mining, and production operations; public authorities comprising government buildings and other public sector facilities, such as schools and universities; and other utilities and community water and wastewater systems.

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